1724 NE Lucy Belle StMcMinnvilleOR97128
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in McMinnville at 1724 NE Lucy Belle St, McMinnville, OR, 97128 earns from $3,442/mo rent with a $2,888/mo payment. Total monthly income totals $3,442/mo. ROI tracks 19.32% on current figures, and rental yield reads 7% at a $590,000 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $163,006 over five years. Five-year ROI reaches 99.46% and total cumulative return in cash sums $193,060. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,442/mo property income instead of your personal income.
Single Family
Built in 2006
7,405 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97128, Mcminnville, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,432 (100%) |
| Owner Occupied HU | 9,318 (60.4%) |
| Renter Occupied HU | 5,237 (33.9%) |
| Vacant Housing Units | 877 ( 5.7%) |
| Median Home Value | $475,888 |
| Average Home Value | $526,058 |
Housing Distribution
Address Breakdown
Residential
15,300
Single Family
13,960
Multi-Family
1,340
Businesses
1,475
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-24 | Sold | $590,000 |
| 2025-06-27 | Pending sale | $590,000 |
| 2025-06-20 | Listed for sale | $590,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-05 | $5095.25 | 5.92% | $293,149 | 3.00% |
| 2023-11-05 | $4810.64 | 5.56% | $284,611 | 3.00% |
| 2022-11-05 | $4557.22 | 2.42% | $276,321 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2006
- Architectural Style: N/A
- Building Area: 2,100
- Living Area: 2,100 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Heat Pump, Fireplace(s)
- Cooling: Heat Pump
- Flooring: Engineered Hardwood, Tile, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), Vaulted Ceiling(s), Built-in Features, Closet, Eat Bar, Pantry, Granite, Double Vanity, Walk-In Closet(s), Walkin Shower
- Exterior Features: Raised Beds, Water Feature, Yard
- Parking Features: Driveway, On Street, Attached
Location
- City: McMinnville
- State: OR
- Subdivision: N/A
- Lot Size: 7,405 sqft
- Lot Features: Seasonal, Sprinkler, SqFt 7000 to 9999
- View: Seasonal
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete, Paved
School Information
- Elementary School: Grandhaven
- Middle School: Patton
- High School: Mcminnville
Listed by: Lacey Summers • Bella Casa Real Estate Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #273684630
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-11-04 21:04:10 PST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.